$B suddenly woke up after spending weeks looking almost dead.
Price jumped from the 0.12 area to 0.228 and is still holding around 0.215, up more than 68% today. On the daily chart this is the strongest expansion we have seen in a while after that long grind near the lows.
What makes it more interesting is the derivatives side.
Open interest exploded from roughly 54M to 65M in a very short time, so fresh leverage is entering fast.
But top trader positioning changed at the same time. Long accounts are still the majority, yet the long/short ratio dropped sharply from around 2.3 toward 1.2 as price pumped.
So traders are not simply chasing this move with longs. Shorts are coming in too.
That mix of a violent breakout + rising OI + rapidly increasing short participation can create even more volatility if B keeps holding above the breakout area.
After a 68% candle though, I would rather watch how it reacts around 0.20–0.23 than chase it here.
$4 & $BULLA pumping hard
#ZECHitsANewAllTimeHigh #USWeeklyInitialJoblessClaimsRiseTo206000 #BitcoinEthereumHitMultiMonthHighs #LululemonTumbles20%OnWeakGuidance #USAugustJobGrowthNearlyTriplesForecast
Price jumped from the 0.12 area to 0.228 and is still holding around 0.215, up more than 68% today. On the daily chart this is the strongest expansion we have seen in a while after that long grind near the lows.
What makes it more interesting is the derivatives side.
Open interest exploded from roughly 54M to 65M in a very short time, so fresh leverage is entering fast.
But top trader positioning changed at the same time. Long accounts are still the majority, yet the long/short ratio dropped sharply from around 2.3 toward 1.2 as price pumped.
So traders are not simply chasing this move with longs. Shorts are coming in too.
That mix of a violent breakout + rising OI + rapidly increasing short participation can create even more volatility if B keeps holding above the breakout area.
After a 68% candle though, I would rather watch how it reacts around 0.20–0.23 than chase it here.
$4 & $BULLA pumping hard
#ZECHitsANewAllTimeHigh #USWeeklyInitialJoblessClaimsRiseTo206000 #BitcoinEthereumHitMultiMonthHighs #LululemonTumbles20%OnWeakGuidance #USAugustJobGrowthNearlyTriplesForecast
